Merits of Budgetary Control
Write down the merits of Budgetary Control?
Expert
Merits of Budgetary Control are illustrated below: - It is an influential tool for the reason of and profit maximization and cost control.
- It allows the management to make the most of the use of accessible resources in a good number profitable way.
- As a budgetary control is depended on a budget that sets the plan of act in respect of different functional regions of operations. Therefore, it acts as a means of statement of the policies of the management.
- It acts as signifies of communication.
- It acts as a means of improving coordination through developing team strength in the organization.
- It allows the management to take appropriate actions in regard to the unfavorable variations in the real and budgeted results.
- It allows the allocation of authority.
- It is an influential tool with the management for performance assessment.
- It also offers a basis for the establishment of the inducement systems.
What are the various Accounting Treatment of Goods?
Write down disadvantages and advantages of maintaining the multiple manufacturing sites as the hedge against exchange rate exposure.
Explain the term Fixed Assets and what are their advantages in production or business aims?
Describe the function of budgetary control play in cost control? And also write down the requirements for its triumphant execution?
Margin Improvement: Margins in the business remained beneath pressure, even previous to the economic downturn for the industry as an entire, returns on capital have continued under the cost of capital. Previous to the falls in the second half of the y
What is the Definition of Ledger in terms of Accountancy?
Write down the pre-requisites for triumphant accomplishment of uniform costing?
The stock is recorded at the book value of debt. The convertible debt is removed at the book value, the number of share times par is added to the stock account, and the remaining amount is plugged in to additional paid in capital. Contrast with the market value in whi
Explain Multinational corporations (MNCs) and what the economic roles do they play?
What are the factors which influences real estate market?
18,76,764
1938346 Asked
3,689
Active Tutors
1421368
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!